Fitch affirms Williams

Fitch Ratings said it affirmed the issuer default ratings and senior debt ratings for the Williams Cos., Inc. and Williams Partners LP at BBB-.

The agency also affirmed Williams' senior unsecured debt rating at BBB- and junior subordinated convertible debentures rating at BB.

The ratings were removed from Rating Watch negative, where it was placed in June 2011 following an offer by the company to acquire Southern Union Co.

The outlook is stable.

Fitch also affirmed Williams Partners' senior unsecured debt rating at BBB-, along with Williams Partners Finance Corp.'s issuer default rating at BBB- and senior unsecured debt rating at BBB-.

Transcontinental Gas Pipeline Co., LLC's issuer default rating also was affirmed at BBB and its senior unsecured debt rating at BBB, along with Northwest Pipeline GP's issuer default rating at BBB and its senior unsecured debt rating at BBB.

The ratings consider the group's consolidated and parent holding company credit profiles, its reduced business risk and the quality of its cash flows, Fitch said.

The ratings also reflect that its near-term event risk has been reduced, the agency said.

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